EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
In the words of our judges
“Terrence’s visionary leadership has catapulted SageSure to the forefront of catastrophe-exposed property insurance, boldly entering markets others abandon and fiercely safeguarding the American Dream.”
Buying a home continues to be a key part of realizing the American dream. While rising housing costs have made that purchase more difficult, many home buyers also need to overcome another obstacle: finding affordable homeowners insurance.
Terrence McLean founded SageSure to help make that goal more attainable for less affluent homeowners, particularly those who live in regions prone to flooding, fires or other natural disasters. These at-risk areas have often been neglected by other insurers, who sometimes raise rates or cancel policies with relatively little warning. With 25 years of experience in the insurance industry, McLean has encouraged SageSure to embrace an overarching mission of addressing the intersection between climate impact and the necessity for accessible insurance.
Established to help people protect what they have worked so hard for, SageSure provides reliable coverage to homeowners in volatile, catastrophe-exposed markets. While this coverage readily exists for affluent Americans less affected by changes in pricing, homeowners caught in the middle feel the pinch in rising premiums and higher deductibles.
With more than $1 billion in premiums, SageSure has become the largest residential property insurance managing general underwriter, serving 14 states and partnering with 11 highly rated insurance carriers. A holder of eight US patents for risk rating and quoting technology, McLean defines success by a steadfast adherence to data-driven decisions as the company delivers technology-driven, informed insurance solutions for its customers.
McLean also encourages SageSure to focus on giving back to the communities it serves. To date, the company has planted 3,700 trees in communities impacted by wildfires, floods, hurricanes, tornadoes and other major disasters.